Iran's Supreme Leader Ayatollah Khamenei will not accept an extension of sanctions on his country's nuclear program and warned on Wednesday that Tehran would retaliate if the sanctions are approved, according to Reuters.
The U.S. House of Representatives re-authorized the Iran Sanctions Act for 10 years last week, a law that deters investments in Iran's energy industry and complicates Iran's pursuit of nuclear weapons.
"The current U.S. government has breached the nuclear deal in many occasions," Khamenei said, his Revolutionary Guards.
"The latest is extension of sanctions for 10 years, that if it happens, would surely be against JCPOA, and the Islamic Republic would definitely react to it."
Expect President-elect Donald Trump to "rip up" the JCPOA agreement, as he said on this year's campaign trail.
Barack Obama is expected to do most everything possible under his executive authority to bolster the Iran Deal before President-elect Trump gets into office.
Obama will try to make more companies exempt from sanctions (which remain in place until 2023) in an effort to bolster economic ties between the two countries and make it more difficult for the Trump administration.
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